Banking Awareness Quiz Set 24

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Banking Awareness Quiz Set 24

1. Which of the following is NOT banking related terms?

A. SME Finance

B. Overfrafts

C. Drawing Power

D. Equinox

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2. Which of the following organization is not associated with the financial banking sector in India ?

A. NABARD

B. BSE

C. ISRO

D. SEBI

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3. Which of the following terms is not used in the field of banking and finance?

A. Overdraft

B. Baseline

C. RTGS

D. GBC

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4. Which of the following is the name of the bank founded by the winner of the Nobel Peace Prize 2006 Mr. Muhammad Yunus

A. Bank for the poor

B. Swadeshi bank

C. Rashtriya bank

D. Grameen bank

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5. Bad loans in banking terminology are generally known as:

A. Prime loans

B. Prime assets

C. BPOs

D. NPAs

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6. The foreign exchange reserves of India are kept in the custody of:

A. World bank

B. RBI

C. SBI

D. Prime minister

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7. Reverse Repo Rate means:

A. Injecting liquidity by the central bank of a country through purchase of government securities

B. Absorption of liquidity from the market by sale of government securities

C. Balancing liquidity with a view to enhance economic growth rate

D. Any of above

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8. The bank rate means:

A. Rate of interest charged by commercial banks from borrowers

B. Rate of interest which commercial banks discounted bills of their borrowers

C. Rate of interest allowed by commercial banks on their deposits

D. Rate at which RBI purchases or rediscounts bill of exchange of commercial banks

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9. When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as:

A. Participation

B. Consortium

C. Syndication

D. Multiple Banking

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10. Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy means :

A. Sale or purchase of government securities

B. Issuance of different types of bonds

C. Auction of gold

D. All of these

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11. The functions of the lead bank are performed by:

A. SBI

B. RBI

C. Any bank

D. A bank designed for this purpose

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12. The largest public sector commercial bank of India is the ____

A. SBI

B. RBI

C. Bank of india

D. Union bank of india

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13. PAN card issued by the income tax department cannot be used for which of the following purposes?

A. Proof of identity

B. Proof of a registered tax payer

C. Proof of address

D. Proof of date of birth

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14. Which one of the following statements is correct regarding increase in the CRR in India?

A. It increases credit creation

B. It reduces credit creation

C. It does not affect credit

D. It denoted liberal monetary policy

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15. Central Co-operative banks work at:

A. District level

B. National level

C. Block level

D. State level

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16. Which among the following sectors contributes most to the saving in India?

A. Banking and financial sector

B. Private corporate sector

C. Export sector

D. Household sector

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17. The term plastic money applies to____

A. Bank draft made of plastic coated paper

B. Currency notes impregnated with plastic thread

C. Currency notes printed on plastic coated paper

D. Credit cards mainly issued by the banks

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18. Which bank became the first bank to open its branch in china ?

A. IDBI Bank

B. SBI

C. HDFC

D. PNB

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19. The EXIM bank of India was established in ____

A. 1964

B. 1970

C. 1982

D. 1984

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20. Government of India, for the first time nationalized 14 large commercial banks in the year___

A. 1956

B. 1969

C. 1959

D. 1972

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21. What is the full form of NBFC as used in the financial sector?

A. New banking finance company

B. National banking and Finance Corporation

C. New business finance and credit

D. None of these

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22. In India, the bank NABARD does not provide refinance to:

A. Scheduled commercial banks

B. Regional rural banks

C. State land development banks

D. Export-import bank

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23. Insurances service provided by various bank is commonly known as:

A. Investment banking

B. Portfolio management

C. Merchant banking

D. Bank assurance

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24. Which of the following public sector bank emblem figures a dog and the words ‘faithful, friendly’ in it ?

A. Punjab National Bank

B. Oriental Bank of Commerce

C. Syndicate bank

D. SBI

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25. Which one of the following is a private bank?

A. Allahabad bank

B. Punjab and Sind bank

C. Punjab National Bank

D. Punjab Bank

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26. Which of the following pairs is not correctly matched?

A. SEBI … Security Market regulatory body

B. RBI … Banking regulatory authority

C. SBI … Commercial bank

D. IDBI … World bank

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27. If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be:

A. Increases

B. Decreases

C. No impact

D. Non of these

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28. ‘Repo Rate’ is the rate at which:

A. The RBI lends to state government

B. The international aid agencies to RBI

C. The RBI lends to banks

D. The banks lend to RBI

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29. A customer wishes to purchase some US dollars in India. She/he should go to:

A. Public Debt Division of the RBI only

B. American Express Bank only

C. RBI or any branch of a bank which is authorized for such business

D. Ministry of foreign affairs

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30. Which amongst the following organizations make major credit policies for the RRBs ?